Summary

The Cascade Village Apartments is a 24 unit apartment community located in Estacada, Oregon - an established community in Clackamas County just 30 miles Southeast of Portland.  The property was built in 1996, and features large 2BR and 3BR units with spacious floor plans and washer dryers in each unit.  The property has an additional 6 detached garages, which provide an additional source of income.  Many capital improvements have been completed over the past few years, including new roofs, parking lot, water heaters, security system, and interior upgrades.  The Cascade Village Apartments provides a stabilized investment opportunity, with proven upside in the rents - with recent turnover rents at $995 for the 2BR units, and $1,250 for the 3BR units.